IBM Slashes Jobs04:58

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IBM was once one of the country's largest employers. Considered a major innovator in the high tech world, IBM was also a place where workers could count on having a job throughout their entire career.

But IBM is now going through a major restructuring after sustaining years of losses. These changes could result in some 13,000 layoffs, both in the U.S. and abroad. Some of these layoffs have already started, but the company will not confirm any numbers.

IBM declined to be interviewed, but sent Here & Now the following statement:

As reported in our recent earnings briefing, IBM continues to rebalance its workforce to meet the changing requirements of its clients, and to pioneer new, high value segments of the IT industry. To that end, IBM is positioning itself to lead in areas such as Cloud, Analytics and Cognitive Computing and investing in these priority areas. For example, already this year we have committed $1 billion to our new Watson unit and $1.2 billion to expand our Cloud footprint around the world. In addition, just this week IBM announced a $1 billion investment in platform-as-a-service Cloud capabilities, as well as investments in areas such as nanotechnology which will bring hundreds of new jobs to New York State. This also creates new job opportunities at IBM. At any given time, IBM has more than 3,000 job openings in these and other growth areas in the US.

IBM’s total workforce has remained stable over the past three years, and IBM now employs more than 400,000 people worldwide.